Options Bank Review
Options Bank is a binary options broker that was established in early 2016 and operates from their base in the United Kingdom.
This broker is an investment option that is well suited to a novice as well as expert traders, they offer their traders the Finantick platform a smooth transition if you are thinking of moving from your current broker to another or if you are just starting to get your teeth into the trading markets.
New as they may be, Options Bank is probably one of the most professional companies in the binary options market. The founders and business partners of the brokerage have over 80 years of financial experience which attests to reliability in an already saturated industry.
Online since: 2016
Based in: United Kingdom
Max Returns: 90%
Minimum Deposit: $1000
Minimum Investment: $25
Maximum Investment: Unlimited
Currencies: USD, GBP, EUR, CYN, JPY, CAN, AUD, RUB, CHF
Countries: All Countries except US
- Generous deposit bonus
- Monthly promotions
- Outstanding customer service
- Demo account
- Mobile Trading
- Doesn’t accept US traders
- Not regulated yet
7 Binary Options Rating:
Bonuses and Promotions
The broker wants to reward loyal traders and offers traders of all account types up to 100% bonus on their initial deposit.
That’s not all, they offer new account holders their monthly promotions of which this month is either an iPhone 6S, iPad Pro or a 50% discount on their signals service.
The bonus is to allow new and experienced traders the opportunity to practice their trades, strategies or the Finantick platform with no personal loss to them.
According to the user opinions I found online, Options Bank is considered by many to be the best choice on the binary options robot market. Here are some of the user reviews I found:
What most of the old-timer brokers can’t offer all their traders is a good enough payout that makes the trader feel his trades and profits are worthy.
The payout offered by Options Bank is up to 90%, for traders that are in the money, especially useful when you are executing fast trades that require a quick profit.
Payouts vary according to the assets traded, please be sure to ask your personal account manager how and where they vary prior to starting to trade.
All profits are guaranteed and most traders have the peace of mind in knowing that all the information is viewed directly from the trading platform.
The broker took the time to formulate three very different account types that are specifically geared to the beginner, advanced or professional trader. These accounts vary in the amount of the initial deposit, services offered as well as the ‘Fund Protection Insurance’ obtainable.
Traders also benefit from free Skype signals and a choice of strategies offered by their personal account managers.
1. The PRO Account – Seasoned professional will love the benefits of this account. It has all the perks as well as a dedicated account manager that will be available to you 24 hours a day when markets are open. The minimum deposit here is $10,000 and the 100% bonus is bound to bump up your initial investment. You are entitled to 4 risk-free trades of $500.00, and that is money that cannot be lost! You get your signals directly to your e-mail as well as a personal credit card. Holders of this account get a monthly interest rate of 1.8%.
- 1.8% of interest on account balance
- Signals are sent directlly to your e-mail
- Issuance of your own debit card
- Protection and insurance of funds upto 12 percent.
- Freedom to choose a comfortable trading strategy
- Access to free signals via Skype
- Promotion of the month: iPad Pro
- Secure trade of worth $ 2,000 (traded in 4 parts of $500 each. Will be refunded in case of loss)
- Starter Bonus: 100% percent
- Maximum position value: $ 2,000
- Required amount for minimum deposit: $ 10,000
2. The Standard Account – This account is perfect for advanced traders that prefer to bump up their invested capital and have more freedom to move with the markets. The bonus here is also up to 100% on the minimum deposit of $5,00.00. Signals are sent directly to your Skype with a fund protection of 5%. This particular account also gives the trader the option of 4 risk-free trades of $250.00.
- Protection and insurance of funds up to 5%
- Freedom to choose most suitable strategy.
- Access to free trading signals via Skype
- Promotion of the month: iPhone 6S
- Secure trade of up to $ 1,000 (traded in 4 parts of $250 each. Will be refunded in case of loss)
- Starter bonus: 100% percent
- Maximum position value: $ 1,000
- Required amount for minimum deposit: $ 5,000
3. The Micro Account – Beginner traders need a mere $1,000.00 to join the broker on this account. The account will benefit the new trader as they are offered up to 75% in a bonus that will almost double their initial invested capital, a useful asset when getting your feet wet in the trading world. Four risk-free trades of $50.00 which means that you cannot lose on a trade. If you lose the open risk-free trade, you will be refunded. Lastly, you are able to get a 50% discount on their signal services.
- Required amount for minimum deposit: $ 1,000
- Maximum position value: $ 200
- Starter Bonus: 75% percent
- Secure trade of worth $ 250 (traded in 5 parts of $50 each. Will be refunded in case of loss)
- Promotion of the month: 50% off on the signal service
- Access to signals via Skype
Assets and Platform features
With a choice of over 220 tradeable assets in their portfolio, Options Bank offers an intuitive interface with software provided by Finantick, unmatched by most of its competitors in the industry.
Assets include Currencies (EUR/USD, USD/GPB, USD/JPY), 5 majors as well as a bouquet of other more exotic pairs. Commodities that are always making headlines (GOLD, PLATINUM, SILVER, OIL), Indices and Stocks that are most popular among traders FTSE, AEX, DOW JONES, APPLE, FACEBOOK, GOOGLE and MICROSOFT).
Options bank has a user-friendly, Finantick powered trading platform which is much easier to use than competing trading platforms. It is adaptable for all electronic devices which include all iOS and android based devices without the need to download any supporting software application. Accessing the trade system through any web browser of your own choice is a simple process.
Options bank is best known for their expertise in swift trade execution with the aim of providing traders with the best prices and expiry rates on all currency trades, indices and commodities.
The platform offers you various trading features for long and short term trades:
- Short: 30, 60, 90, 120, 180 seconds, 5, 10, 15, 30 and 60 minutes.
- Long: Daily, Weekly, Monthly, 2 months, 3 months up to 6 months.
For buyers who favour dealing more volatile markets, Options bank presents some really interesting asset packages with up to 24 hour expiration times. They offer popular currency pairs like EUR/USD, GBP/USD, EUR/GBP, AUD/USD, GBP/AUD, USD/JPY, NZD/USD, USD/CAD, USD/TRY, USD/RUB and USD/CHF.
These pairings in addition to many more are offered on request by their new or experienced account holders for high-level trading along with other bonuses and promotions.
In addition to the benefits mentioned above, Options-Bank also provides the option of a minute to an hour trade on the commodities market ( DAX, DOW, DUBAI, FTSE100VIX and much more!). Plus, there are many other binary pairing options available on their trading platform.
Deposits and Withdrawals
- Deposits and withdrawals are done seamlessly via the Finantick platform with one click. You can withdraw your profits and deposit funds quickly via Credit Card or Wire transfer.
- Manage your funds on the platform in the currency of your choice: USD, GBP, EUR, CYN, JPY, CAN, AUD, RUB, CHF.
- Feel free to contact the customer support for further assistance as well as ask about the bonus terms and conditions.
Options Bank pride themselves on their superior customer service they offer all their members. The team is ready and willing to assist you in any trading or technical matter 24 hours a day 5 days a week.
They are reachable via phone, email, live chat or Skype and speak English, Greek, Spanish or Russian.
The trained professionals also offer strategy training and trading tips which come in handy when you are just starting off.
We found from the moment we entered the broker’s website we were underway on a pleasant experience that would carry through to the ease of opening an account as well as making contact with one of the customer service assistants.
The platform is very easy to understand and found the interface easy to manage.
Try their platform and educational material that we found to be relevant and up-to-date, if that does not provoke you to join them, then let their fast and high return payout of up to 90% be the deciding factor.
Customer Service: Live Chat, Email or Telephone
Languages: English, Greek, Spanish and Russian
Trading Options: One Touch, Turbo Trading, and Long Term
Assets: Currencies, Stocks, Indices, Commodities
Early Closure: Yes
Expiry Times: Turbo: 30, 60, 90, 120, 180 seconds, 5, 10, 15, 30, 60 minutes. Long term: Daily, Weekly, Monthly, 2 months, 3 months, 6 months
Deposits and Withdrawals: Credit Card and Wire Transfer
Withdrawal Time: 2 business days
Demo account: Yes